Hello readers! After the ups and downs of crypto assets in May 2022, Energi is the top on Bullish trend, have you taken profit from the market rebound yet? Let’s find out more as a reference in determining which crypto assets you can buy or sell!
5 Bullish Crypto Assets
The 4-hours time frame shows that if the Energi (NRG) coin moves up after touching the price level of 6.945 (this is the lowest price since 07 September 2022), then the price experiences a significant reversal.
Looking at the price chart, which shows that it has increased quite significantly since 12 May 2022, the RSI indicator shows that Energi (NRG) is experiencing an overbought phase, indicating that the price is quite expensive for now.
Other than Energi, The price chart of Tron (TRX) is still in an uptrend because it is still on the EMA/200 line at 1.046. It reaches the price level after it failed to break through the support levels at 955 and 905.
The MACD indicator indicates that the current price trend is on a fairly positive path which will make the strengthening signal wide open, but there is very strong support at the 895 price.
Multi-collateral DAI (DAI)
After Energi and Tron, An indication of a not-so-positive trend is shown by the MACD indicator, where it shows a negative phase which makes corrections possible for Multi-collateral DAI (DAI). However, the direction will move quite dynamically considering that so far the movement of the chart is mostly in the sideways phase.
The bearish phase can be confirmed, when the price was able to break the resistance line at the price range of 14,390 – 14,410. If you look at the graphic chart, it can be seen that there are price movements that are quite volatile so that they are able to make the wick occurred on the candle which makes it worth watching out for.
USD Coin (USDC)
Following Energi, there are indeed not many significant movements both up and down of the USD Coin (USDC), but the trend shows a positive direction even though the movement is not too volatile. The bullish phase has occurred after previously being able to break the resistance level at 14,445, which marked the end of the sideways phase.
It even touched the price level of 15,905 – 15,915, if it weakens, it will test the support level at 14,500 price.
1x Short Bitcoin Token (HEDGE)
The 1x Short Bitcoin Token (HEDGE) coin has been included in the Market Signal list since last week’s article on May 16, 2022, and if you compare it with the current price movements, it can be ascertained that by using the 1-day time frame this coin is still in a fairly bullish phase.
The price increase of 1x Short Bitcoin Token (HEDGE) will form a new pattern and maintain the uptrend phase if it can form a candle and is able to break the resistance level in the price range of 1,647,450 – 1,655,500.
5 Bearish Crypto Assets
It has entered a bearish phase since July 23, 2021, and has touched the All Time High (ATH) level at the price of 1,389,197,040 on May 12, 2021. When compared to the current price, it indicates that Yearn.finance (YFI) has experienced a deep or significant correction.
This sharp decline in price made the RSI indicator in the oversold area, the MACD indicator also has not shown a positive direction, so it will take several confirmations to show the direction of the next trend.
Revain (REV) has touched its lowest price at 12 since it was listed on Indodax. The bearish phase has occurred since April 12, 2022. Prior to this phase, Revain (REV) had touched the price level of 105.
The MACD indicator is narrowing, the price with the 4-hour chart also shows bearish sideways in the price range of 16 – 19 which indicates it will take some time to confirm the direction of the new trend to break through that price range.
After experiencing several price increases to end the Bearish Phase, DASH (DASH) actually broke through a fairly strong support at the price level of 1,670,500 and 1,232,900.
It has touched the lowest price level since March 13, 2020 at 649,100. Currently the price chart is showing a fairly positive direction which is also shown by the MACD indicator.
The price was at the EMA/200 but the trend direction was unable to penetrate the resistance level and created a complete candle at 105 price level so that the price reversed direction and confirmed the continuation of the bearish phase.
If it weakens, there is a support level at the price of 35, this is the lowest support level of the Achain (ACT) since listing on Indodax.
The MACD indicator shows a positive direction, this could happen because previously the RSI indicator was in the oversold area.
Ripple (XRP) is confirmed to have entered a bearish phase since the EMA/5 which cut below the EMA/200 followed by WMA/75 and also WMA/85. The 1-Day chart time frame shows that the price was above the EMA/200, but this did not last long because the trend direction was unable to penetrate the immediate resistance level at the price of 14,290.
After touching the price of 5,000 which is deep enough, Ripple (XRP) has since experienced a limited price increase, this is also shown by the MACD indicator which signals a positive phase.
NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish), each table above shows that if the 5 EMA value is higher than the 75.85 WMA and 200 EMA, the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend. Overbought or oversold conditions are an indicator that the market is already at the point of changing direction of a trend.
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